Multiple Choice
Solve the problem. Round dollar amounts to the nearest cent. Use ordinary interest unless otherwise indicated.
-Bob's BBQ signed a note with a face value of $18,500.00 on September 11. The note is for 90 days and carries an interest rate of 9%. Find the due date and the maturity value of the note.
A) December 10, $18,916.25
B) December 12, $18,500.00
C) December 11, $19,055.00
D) December 11, $20,165.00
Correct Answer:

Verified
Correct Answer:
Verified
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